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    Precalculus Study Set 3
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    Exam 5: Inverse, Exponential, and Logarithmic Functions
  5. Question
    Find the Present Value of the Future Value
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Find the Present Value of the Future Value

Question 11

Question 11

Multiple Choice

Find the present value of the future value.
-$2000, invested for 5 years at 4% compounded quarterly


A) $1659.09
B) $2420.38
C) $2440.38
D) $1639.09

Correct Answer:

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